Monthly Benefit definition

Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.
Monthly Benefit means the amount payable by the Company to you if and when you are a disabled insured.
Monthly Benefit means the monthly amount payable by Lincoln to the Disabled or Partially Disabled Covered Person.

Examples of Monthly Benefit in a sentence

  • If a Monthly Benefit becomes payable for more than one loss under the Group Policy, the total amount payable will not exceed the Monthly Benefit.


More Definitions of Monthly Benefit

Monthly Benefit means the monthly benefit calculated and paid to Program participants in accordance with the Program Guidelines.
Monthly Benefit means one twelfth (1/12) of the Participant's Annual Benefit.
Monthly Benefit means a monthly payment payable pursuant to Part 5 for the balance of a guarantee period after the death of a member;
Monthly Benefit means the least of:
Monthly Benefit means the monthly amount determined under Section 3.1(a) used for purposes of calculating the Lump Sum Equivalent.
Monthly Benefit means the amount payable to you if you are Totally Disabled. Benefits for Supplemental Disability Insurance coverage, short term period, are determined on a monthly basis and paid to you bi-weekly. Benefits for Supplemental Disability coverage, long term period, are determined and paid to you on a monthly basis.
Monthly Benefit means an amount equal to sixty percent (60%) of the Executive’s average monthly compensation, excluding bonuses, for the sixty (60) months immediately preceding his termination of employment or disability.